Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 11,218 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 11,218 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $70.00, for a total value of $785,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert O’hare also recently made the following trade(s):

• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Trading Up 4.2 %

Shares of AFRM traded up $2.80 during mid-day trading on Monday, reaching $69.35. 8,305,996 shares of the company were exchanged, compared to its average volume of 9,099,317. The business has a 50 day simple moving average of $46.89 and a two-hundred day simple moving average of $36.76. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $70.20. The stock has a market capitalization of $21.78 billion, a PE ratio of -48.06 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the previous year, the company earned ($0.57) EPS. On average, analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Affirm

A number of large investors have recently bought and sold shares of AFRM. Spyglass Capital Management LLC lifted its stake in shares of Affirm by 9.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after purchasing an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after buying an additional 672,883 shares during the period. Dragoneer Investment Group LLC bought a new position in shares of Affirm during the 2nd quarter worth approximately $45,219,000. Bank of New York Mellon Corp grew its position in shares of Affirm by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after buying an additional 176,675 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of Affirm in the 3rd quarter valued at $30,808,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AFRM. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Mizuho raised their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upped their price target on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their target price on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.13.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.